Broad Could Join Carolina Faculty Upon Retiring from UNC System

Posted on Oct. 1, 2004

The UNC Board of Trustees has approved a Chapel Hill faculty appointment for UNC System President Molly Broad when she retires, formalizing a verbal promise made when she accepted the presidency of the 16-campus system.

The contract provides for a five-year appointment at the UNC School of Government as a “professor of the practice,” indicating a nontenured professional who teaches from career expertise.

Under the agreement, Broad will receive a salary equal to 60 percent of her current salary as president of the UNC System for the first five years of the contract. The money will come from the UNC System. Broad currently earns $312,504 a year, so her faculty salary would be $187,502. After five years, the UNC System will continue to pay half of the salary for the professorship, regardless of whether Broad continues to teach.

Broad, who has served as president of the UNC System since 1997, has not said when she plans to retire from the presidency. Before her appointment as UNC System president, she served as executive vice chancellor and chief operating officer for the California State University system.

It is common practice to award faculty positions to system presidents and university chancellors, said Joni Worthington ’83 (MA), the UNC System’s associate vice president of communications. Broad had a teaching position in the California system.

Broad earned a bachelor’s degree in economics from Syracuse University in 1962 and holds a master’s degree in the same field from Ohio State University.

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